In the US

  • Since 2007, the national average PV installed system price has been declining.
  • Year after year, the installed system price declined by 11% to $2.71/W in the third quarter of 2014.
  • Since the third quarter of 2010, the average price of a PV panel has dropped by 63%.
“Solar Industry Date.” Solar Energy Industries Association (SEIA). Photovoltaic (Solar Electric), n.d. Web. 27 Apr 2015. http://www.seia.org/research-resources/solar-industry-data

“Solar Industry Date.” Solar Energy Industries Association (SEIA). Photovoltaic (Solar Electric), n.d. Web. 27 Apr 2015. Retrieved from SEIA

  • Prices have been steadily declining over time, dropping by an average 6-8% annually since 1998
  • They are also expected to continue falling with current price projections

Author: Hannah Goldstein

Editor: Rick Cerretani, Abby Studen

Sources:

“Solar Industry Date.” Solar Energy Industries Association (SEIA). Photovoltaic (Solar Electric), n.d. Web. 27 Apr 2015. http://www.seia.org/research-resources/solar-industry-data

Feldman, David and Galen Barbose. Photovoltaic System Pricing Trends: Historical, Recent, and Near-Term Projections. Issue brief no. PR-6A20-62558. U.S. Department of Energy, 22 Sept. 2014. Web 19 Apr. 2015. <www.nrel.gov/docs/fy14osti/62558.pdf>.